EURNZD - Trend-Following Buy Setup!

Dec 1, 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURNZD is overall bullish from a long-term perspective trading inside the blue rising broadening wedge, and it is currently retesting the lower blue trendline.

Moreover, the zone 1.615 - 1.630 is a strong support zone .

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue trendline. (acting as non-horizontal support)

As per my trading style:
As EURNZD approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich